BROKER MOVES: SJM upgraded at Jefferies; UNH downgraded at Baird

UPGRADES

• First Solar (FSLR) Upgraded to Buy at Jefferies; PT USD 192


• J M Smucker (SJM) Upgraded to Buy at Jefferies; PT USD 115


• Micron (MU) Upgraded to Hold at GF Securities; PT USD 116


• Urban Outfitters (URBN) Upgraded to Outperform at Baird; PT USD 90

DOWNGRADES

• Arista Networks (ANET) Downgraded to Neutral at BNPP Exane; PT USD 106


• BILL Holdings Inc (BILL) Downgraded to Equal-Weight at Morgan Stanley; PT USD 55


• Etsy (ETSY) Downgraded to Sell at Arete; PT USD 43


• Ingram Micro (INGM) Downgraded to Equal-Weight at Morgan Stanley; PT USD 22


• Sunrun (RUN) Downgraded to Underperform at Jefferies; PT USD 5


• UnitedHealth (UNH) Downgraded to Neutral at Baird

INITIATIONS

• American Superconductor (AMSC) Initiated at New Buy at Clear Street; PT USD 44


• Avidity Biosciences (RNA) Reinstated Strong Buy at Raymond James


• Coinbase (COIN) Initiated at New Outperform at William Blair


• Core Natural Resources (CNR) Initiated at New Buy at UBS; PT USD 80 (Earlier)


• DoorDash (DASH) Initiated at New Hold at Stifel


• Gold Royalty (GROY) Initiated at New Buy at Canaccord; PT USD 3


• Mineralys Therapeutics (MLYS) Initiated at New Hold at Jefferies; PT USD 15


• Pharvaris (PHVS) Initiated at New Buy at Guggenheim; PT USD 32


• Summit Therapeutics (SMMT) Initiated at New Underperform at Leerink; PT USD 12


• TD SYNNEX (SNX) Initiated at New Overweight at Morgan Stanley; PT USD 145


• Uber (UBER) Initiated at New Buy at Stifel

11 Jun 2025 - 12:16- Equities- Source: Newswires